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GuruFocus has detected 3 Warning Signs with Goodyear Tire & Rubber Co $GT.
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Goodyear Tire & Rubber Co (NAS:GT)
Days Payable
86.79 (As of Dec. 2016)

Goodyear Tire & Rubber Co's payable for the three months ended in Dec. 2016 was $2,589 Mil. Goodyear Tire & Rubber Co's cost of goods sold for the three months ended in Dec. 2016 was $2,722 Mil. Hence, Goodyear Tire & Rubber Co's days payable for the three months ended in Dec. 2016 was 86.79.

GT' s Days Payable Range Over the Past 10 Years
Min: 55.56   Max: 86.13
Current: 86.13

55.56
86.13

During the past 13 years, Goodyear Tire & Rubber Co's highest Days Payable was 86.13. The lowest was 55.56. And the median was 72.22.

GT's Days Payable is ranked higher than
73% of the 956 Companies
in the Global Rubber & Plastics industry.

( Industry Median: 55.61 vs. GT: 86.13 )

Goodyear Tire & Rubber Co's days payable increased from Dec. 2015 (82.28) to Dec. 2016 (86.79). It may suggest that Goodyear Tire & Rubber Co delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Goodyear Tire & Rubber Co's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2589/10972*365
=86.13

Goodyear Tire & Rubber Co's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2589/2722*365 / 4
=86.79

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Goodyear Tire & Rubber Co Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 55.5657.2060.8073.3971.1368.5473.3075.5483.0986.13

Goodyear Tire & Rubber Co Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 73.3778.6377.7478.4478.3582.2889.6385.7486.7186.79
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